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What the experts say

Traditionally, the textiles and clothing trade has looked to central and eastern Europe for manufacturing, but as from January 1 next year this sector has to abide by the rules of the General Agreement on Tariffs and Trade. This will reduce barriers to entry for countries such as India and China, giving Toffs access to cheaper suppliers outside Europe.

The key issues when sourcing abroad are supply and quality. This will be difficult enough but longer lead times on imports will also affect cashflow. It may also make it harder to get letters of credit from Toffs’s backers to the potential suppliers.

Advice for choosing a supplier overseas can be sought from clothing industry bodies and by asking other companies in the sector. But Alan Finch should not commit himself to one company until he knows it is